query_question: Peninsular Research is initiating coverage of a mature manufacturing industry. John Jones, CFA, head of the research department, gathered the following fundamental industry and market data to help in his analysis: <image 1> Compute the price-to-earnings $(\frac{P_0}/E_{1})$ ratio for the industry based on this fundamental data
options: []
demo_question_list: For case E in the following table: <image 1>. Calculate the present value of the annuity, assuming that it is an ordinary annuity
  A. $2,822
  B. $374,598
  C. $85,293
  D. $31,492
  E. $810,092
  
  Answer with the option's letter from the given choices directly. The financial statements of Lioi Steel Fabricators are shown below — both the actual results for 2010 and the projections for 2011. Free cash flow is expected to grow at a 6% rate after 2011. The weighted average cost of capital is 11%. <image 1> What is the total value of the company as of 12/31/2010 (in million)?
  
  Answer the question using a single word or phrase. Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retail stores, and has a staff to advise customers and help them set up their new computers. Upton's balance sheet as of December 31, 2010, is shown here (millions of dollars): <image 1> Sales for 2010 were $350 million and net income for the year was $10.5 million, so the firm's profit margin was 3.0%. Upton paid dividends of $4.2 million to common stockholders, so its payout ratio was 40%. Its tax rate is 40%, and it operated at full capacity. Assume that all assets/sales ratios, spontaneous liabilities/sales ratios, the profit margin, and the payout ratio remain constant in 2011. Using the AFN equation, determine Upton's self-supporting growth rate. That is, what is the maximum growth rate the firm can achieve without having to employ nonspontaneous external funds?
  
  Answer the question using a single word or phrase. Without referring to the preprogrammed function on your financial calculator, use the basic formula for present value, along with the given opportunity cost, r, and the number of periods, n, to calculate the present value of $1 in case C shown in the following table. <image 1>
  
  Answer the question using a single word or phrase.